Hot Topics

What is a Tenant Loan?
If you do not own your own property, you will not be able borrow money secured on your home. This means that any loan you take out will be a tenant loan – or an unsecured loan.
How much can I borrow?
How much you can borrow is dependent on a number of categories: your income, your assets and your credit history to name but a few.
Will the loan company contact my employer?
Firstly, a loan company will never contact your employer without your consent.
Will my monthly repayments ever change?
It depends on whether your loan is a fixed or variable interest rate loan, and over what period of time you are taking the loan.
Can I have a fixed rate loan?
It is entirely up to you if you want a fixed rate or a variable rate loan – however there are some limits to this.

What if I die before my loan is paid off?

If you die before your loan has been fully repaid, the loan will still need to be repaid by your estate. This may mean that your family will have to cover the cost of the loan for you.

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The only way to protect yourself and your family against this possibility is to get either Personal Loan Insurance or Life Insurance.

Both policies will ensure that your outstanding loan balance is fully repaid in the event of your death or you being diagnosed with a specified critical illness. Life Insurance will not be of any help with unemployment, sickness or accident. That’s why it’s recommended if you have a very large loan, that you take both a loan or short-term income protection insurance policy, and a life insurance policy - so that all angles are covered and in any event, your family will not have to cope with the repayments on their own.

 

Apply now For Life Insurance

Apply now For Short Term Income Protection Insurance


Risk Warning
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it. Security by way of a charge on your home may be required.
Think carefully before securing other debts to your home.